🪩Black Monday Strikes in Stocks: What Does It Mean for Bitcoin?

🪩Black Monday Strikes in Stocks: What Does It Mean for Bitcoin?

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Yello, ParadiseClub Members! 😎 Did you catch the market’s latest shake-up in the stock market? Let’s see what does it mean for Bitcoin:

💎Berkshire Hathaway’s recent sell-off of Apple shares coincided with a tumultuous Black Monday, stirring the pot across financial markets. But the tale has a twist when we look at Bitcoin’s standing. As Apple reels from a significant drop, sparking broader market jitters, it’s worth noting its Price to Earnings (P/E) ratio currently stands at 34—a stark contrast to Bitcoin’s modest P/E ratio of 1.8. Such a low ratio for Bitcoin suggests it’s undervalued, especially compared to major tech giants sporting much higher P/Es.

💎From our ParadiseTeam’s Professional Traders: It’s time to rethink what a ‘bubble‘ really looks like. Critics often label Bitcoin as overhyped and overvalued, but the numbers tell a different story. Bitcoin’s P/E ratio peaks around 4 during high cycles and dips below 1 at market bottoms, showing far less volatility in valuation compared to tech favorites like NVIDIA (P/E of 62), Apple, and Meta (P/E of 24). Bitcoin appears relatively stable in valuation terms, especially next to some tech stocks currently experiencing significant turbulence.

Stay focused, patient, and disciplined Paradisers🥂

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